EFI revenue hits new heights

Digital supplier Electronics For Imaging (EFI) posted a third quarter revenue spike of US$17m, its overall earnings of US$245m a significant jump from last year’s US$228m.

According to the group, the seven per cent increase in profits for the quarter ending September 30 was largely attributed to its industrial inkjet and productivity software growth.

"Our balanced business model was again the story in the third quarter. We are delighted with the strong organic growth in our industrial inkjet and productivity software segments, coupled with a rebound in cash from operations," says EFI chief executive Guy Gecht.

"We are entering the home stretch of 2016 with a robust pipeline of opportunities to partner with customers around the world in transforming and growing their businesses."

For the first nine months of 2016, the imaging giant also logged a total revenue of US$725m, up 16 per cent year-over-year compared to its US$626m result in 2015.

A breakdown of EFI’s financial figures saw the Australia and greater Asia Pacific generate US$32m for the three-month period – the smallest amount in all EFI’s geographic regions. However the figure jumped US$4m from US$27m in the same period last year.

The American region pulled the most cash at US$128m, up from US$121m in 2015 while EFI’s Europe, Middle East and Africa division also delivered a larger figure of $US85m, a jump from $US79m last year.

Revenue categorisation through operating segments found the group’s industrial inkjet division delivering the highest revenue at US$143m, followed by its Fiery print software at US$62m and productivity software at US$39m.

EFI was established in the early 1990s by Efi Arazi, the man behind the Scitex company. Since 2000 it has been run by CEO Guy Gecht.

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